LOT 5 – INVESTMENT PROPERTY
FOR SALE
5 Cruises Street, Limerick City
(Tenant Unaffected)
LOCATION
Centrally positioned on the pedestrianised retail thoroughfare
of Cruises Street, which is a purpose built retail street situated
in the heart of Limerick City Centre.
Immediate occupiers include McDonalds, Ann Summers,
Easons, River Island, Monsoon and Boots. Major department
stores in the immediate vicinity include Brown Thomas,
Debenhams and Penney’s.
DESCRIPTION
This is a modern, purpose built, mid-terrace, two storey retail
outlet with generous display windows.
ACCOMMODATION
sq ft
(approx)
sq m
(approx)
(Areas as per SCS measuring guidance notes)
Ground Floor
1,066 99
First Floor
1,071 99.5
ITZA
731 67.9
TENANCY
Tenant Meteor Mobile
Communication Ltd
Term 25 Year Lease from
30/07/2010
Rent
€35,000
Break Date 30/07/2018 + 30/07/2020
+ 30/07/2025
Lease Expiry
30/07/2035
COVENANT
Meteor Mobile Communication Ltd
Eircom had a turnover in excess of €1.2 billion in the year
ended June 2014.
DATA ROOM INFORMATION
Please contact Mr. Barry Noonan, William Fry Solicitors
barry.noonan@williamfry.com for a NDA.
GUIDE PRICE
Guide price of €400,000 equates to a net initial yield of
8.4%.
TENURE
Freehold
5 Cruises Street – Meteor Mobile Communication Ltd